We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

SEC Provides Incentives and Protections to Whistleblowers Under New Rules Implementing the Dodd-Frank Act

08 June 2011

Employment Alert

On Wednesday, 25 May 2011, the Securities and Exchange Commission adopted its final rules implementing the Whistleblower Program under Section 922 of the Dodd-Frank Act. The SEC Whistleblower Program rewards individuals who provide the SEC with high-quality tips that lead to successful enforcement actions. Individuals are eligible for awards of between 10% and 30% of the amount recovered. To be considered for an award, an individual must alone or jointly with others voluntarily provide original information to the SEC relating to a possible violation of the securities laws that has occurred, is ongoing or is about to occur, and the information provided must "lead[] to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million."



Read "SEC Provides Incentives and Protections to Whistleblowers Under New Rules Implementing the Dodd-Frank Act"

 

Loading data